Duke  University  Libraries 

A  bill  to  be  en 
Conf  Pam  #239 


[Housb  of  Representatives,  No.  184.] 

HOUSE  OF  REPRESENTATIVES,  November  9, 1864—Read 
first  and  second  times  and  referred  to  Committee  of  Ways  and 
Means.    January  18, 1865.— Ordered  to  be  printed. 

[By  Mr.  Russell. 


A.    BILL 

To  be  entitled  An  Act  to  provide  means  to  carry  on  the  war. 

1  The  Congress  of  the  Confederate  States  of  America  do  enact, 

2  That  the  President  may  cause  to  be  issued  revenue  notes  of  the 

3  denominations  of  five  dollars  and  any  multiples  thereof,  purport- 

4  ing  that  the  Confederate  States  of  America  owe  to  tke  bearer 

5  tfcc  sums  of  money  therein  respectively  specified.     They  shall 

6  have  such  forms  and  authentications  as  the  President  shall  prc- 

7  scribe:  they  shall  be  forever   free   from  taxation ;  the  amount 

8  thereof  outstanding  shall  never  exceed  one  hundred  millions  of 

9  dollar? :  they  shall  be  receivable  in  payment  of  all  dues  to  the 

10  Confederate  Government,  except  such  as  are  or  shall  be  special  - 

11  ly  required  to  be  paid  in  specie,  and  may  be  received  for  the  sales 

12  of  government  bonds. 

1  Sec.  2.     Any  person  who  shall  owe  a  tax  in  kind  imposed  for 

2  any  year  after  the  year  eighteen  hundred  and  sixty-four  may  com- 

3  mute  the  same  or  a  part  thereof,  as  follows  :     If  the  tax  on  any 

4  crop  or  other  subject  shall  be  valued  at  not  more  than  one  hun- 


2 

5  dred  dollars,  he  may  commute  the  whole  and  if  it  be  valued  at 

6  more  than  that  sum,  he  may  commute  the  half  thereof  by  paying 

7  to  the  proper   tax  collector   of  his   district,  four-fifths  of  the 

8  value  of  the  whole   or  the  half  to   be   commuted  within  t:; 

9  days  after  such  value  shall  have  been  ascertained  according  to 

10  law:  Provided,  That   such  value   shall  be  estimated  and  such 

11  payment  shall  be  made  in  revenue  notes. 

1  Sec.  3.     The  taxes  in  kind  imposed  for  ar  after  the  year 

2  eighteen  hundred  and  sixty-four,  shall  be  twice  the  amounts  iai- 

3  posed  for  that  year,  that  is  to  say,  they  shall  be  one  fifth  instead 

4  of  one-tenth  of  the  respective  subjects  thereof,  subject  in  other 

5  respects  to  the  laws  now  applicable  to  the  taxes  in  kind. 

1  Sec.  4.     Such  revenue  notes  shall  be  redeemed  in  cotton  at  the 

2  rate  of  fifty  cents  per   pound    whenever,   after  three  months 

3  from  their  dates,  an  amount   sufficient  to  pay  for  one   or  more 

4  entire  bales  of  cotton  at  that  price  shall   be  presented  for  re- 

5  demption  at  such  places  and  to  such  officers  as  the  President 

6  shall  have  designated.     The  President  may   purchase,   at  such 

7  prices  as  he   may  deem  expedient,  so  much  cotton  as  may  be 

8  found  necessary,  from  time  to  time,  to  make  such  redemptions, 
0  or  he  may  exchange  for  such  cotton  any   part  of  the  taxes  in 

10  kind  or  other  commodities  belonging  to  the  government  or  aay 

11  bonds  authorized  by  law  to  be  issued,  at  such  prices  as  he  nvxy 

12  deem  expedient. 


3 

1  Sec.  5.    Such  revenue  notes  may  be  issued  and  reissued  from 

2  time  to  time  in  payment  of  any  appropriations  made  by  Go  n- 

3  gress,  except  those  made  to  pay  liabilities  incurred  before  the 

4  first  day  of  January,  1865,  or  liabilities  on  contracts  made  before 

5  that  day,  or  interest  on  debts  contracted  before  that  day.     For 

6  the  appropriations  so  excepted  a  sufficient  amount  of  treasury 

7  notes  may  be  issued,  (notwithstanding  any  existing  restriction 

8  on  the  issue  of  treasury  notes,)  and  they  shall   be  according  to 

9  the  act  of  February  17,  1864,  entitled,  &c. 


p6Rnulife< 

pH8.5 


